Ordinals | Accumulation Zone Briefly Activated (How To Trade)
If just by a tiny bit, the "accumulation zone" for Ordinals has been activated. This is the yellow pattern drawn on the chart.
Ordinals is great but we are now looking at technical analysis and not fundamentals.
The drop on the 5th of August marks a major milestone. While not the end of the corrective move, it does signal that change is soon taking place. Volume was low on the drop; the correction is reaching its end.
We can say the correction ended but within the accumulation phase there can be swings and even lower lows. This is likely what is coming next.
There can be small swings to the upside as well but nothing major until next year, because this is one of the big pairs.
So, to be safe, wait for lower prices... Once lower prices are in, Nov.-Dec., we can consider jumping in. Like this, we secure lower long-term risk.
Lower prices can translate into higher, long-term potential profits.
Patience is key.
Ordinal is not ready yet, but in 2025, definitely a sure win.
Namaste.
Ordinals is great but we are now looking at technical analysis and not fundamentals.
The drop on the 5th of August marks a major milestone. While not the end of the corrective move, it does signal that change is soon taking place. Volume was low on the drop; the correction is reaching its end.
We can say the correction ended but within the accumulation phase there can be swings and even lower lows. This is likely what is coming next.
There can be small swings to the upside as well but nothing major until next year, because this is one of the big pairs.
So, to be safe, wait for lower prices... Once lower prices are in, Nov.-Dec., we can consider jumping in. Like this, we secure lower long-term risk.
Lower prices can translate into higher, long-term potential profits.
Patience is key.
Ordinal is not ready yet, but in 2025, definitely a sure win.
Namaste.
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